Manila, Philippines – Local telecommunication holdings giant PLDT has announced that several of its key executives either resign or retire from the company, according to its recent stock filings at the Philippine Stock Exchange (PSE).
Wilson Bobier, the company’s vice president for network build, program resource and integration management has voluntarily resigned from his position effective April 16. Mary Rose Dela Paz, the senior vice president and chief procurement officer has also voluntarily resigned from her position, effective April 14.
Meanwhile, Mario Tamayo, senior vice president and network head; and Anabelle Chua, senior vice president, chief financial officer and chief risk management officer; have both opted out for an early retirement from the company, effective April 14 and 16 respectively.
Lastly, Alexander Kibanoff, vice president of learning and development, has opted for the availment of the company’s manpower reduction program.
According to the stock filings, there are no immediate successors to those who have vacated their positions. No reasons were also laid out for the recent executive exits.
PLDT came under fire in 2022 after it reported that the company has overspent PHP48b from 2019 to 2022 in capital spending, without the scrutiny from both internal and external audit teams. The company reasoned out that all of these overspending was justified to improve their services to the customers.
The company has since then reported in March this year that the budget overrun has been reduced to PHP33b following its settlement deals with major vendors.
